Tagged: taxes

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More

June 25, 2024 @ 9:51 am By JD Alois  |  

Tax Fintech AnchorZero has announced an $8 million seed round led by Bain Capital Crypto and Spark Capital. Other investors include Ethereal Ventures, Mischief Capital, Pascal Capital, and Robot Ventures. Angel investor Sarah Meyohas also participated in the round. AnchorZero is a firm that helps… Read More

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

April 29, 2024 @ 3:38 pm By Omar Faridi  |  

Equifax (NYSE: EFX) Workforce Solutions continues to help businesses transform the employee experience with the launch of Forms HQ, a new offering designed to help automate the delivery, completion, and tracking of essential employee forms, “including those related to onboarding, tax withholding, state requirements, annual notices,… Read More

April 8, 2024 @ 8:14 am By Omar Faridi  |  

Qlower is focused on helping those who might be tired of tax returns. At Qlower, they’ve decided it shouldn’t be “a burden anymore.” Thanks to their technology combining open banking and AI, Qlower automates tax returns for landlords, in France for now. They claim to… Read More

April 4, 2024 @ 10:22 am By Omar Faridi  |  

Informative Research, a technology platform that delivers data-driven solutions to the lending community, announced the integration of Veri-Tax, the service provider focused on delivering the fast verifications into its proprietary Verification Platform. The integration merges Informative Research’s platform with Veri-Tax’s verification services so lenders can… Read More

April 3, 2024 @ 8:55 am By Omar Faridi  |  

TaxBit, the digital asset tax and accounting solutions provider, announced its strategic expansion into Europe in response to rapidly increasing adoption across the European digital asset market. This move follows recent regulatory developments and the increased demand for TaxBit’s tax and accounting compliance solutions. TaxBit… Read More

February 22, 2024 @ 7:30 am By Omar Faridi  |  

KPMG UK and Blue J announced that they will launch a new generative AI powered product to answer challenging tax research questions in seconds. KPMG will have exclusive access “to the tool, Ask Blue J, among the big four accountancy firms in the UK for… Read More

January 18, 2024 @ 10:07 pm By Omar Faridi  |  

Current, the U.S. fintech platform dedicated to empowering Americans in pursuit of a brighter financial future, announced a partnership with Column Tax, the embedded tax provider offering next generation tax products. This partnership will aim to “save millions of Americans much-needed money this tax season… Read More

January 18, 2024 @ 6:05 pm By Omar Faridi  |  

The Treasury Department and Internal Revenue Service have recently issued an announcement informing businesses that they do “not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.” The Infrastructure… Read More

January 9, 2024 @ 5:00 pm By Omar Faridi  |  

Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced that Credit Karma members and QuickBooks Online customers “can prepare and file their 2023 taxes through TurboTax within the Credit Karma and QuickBooks Online product experiences.”… Read More

December 15, 2023 @ 9:34 am By Tony Zerucha  |  

ZenLedger, a provider of blockchain data and tax solutions, this week announced a partnership with april, a developer of AI-powered financial technology focused on modernizing taxes, to launch the first end-to-end tax filing experience in the crypto industry.  Integrating with april, an IRS-authorized e-file provider, brings… Read More

November 29, 2023 @ 10:25 am By JD Alois  |  

HM Revenues and Customs (HMRC) has posted guidance on how to pay taxes on the income or gains created by crypto investments. HMRC states: “You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will… Read More

November 11, 2023 @ 8:40 am By Michael Wong  |  

Forty-eight countries and jurisdictions have pledged to adopt the Organisation for Economic Co-operation and Development‘s (OECD) framework for tax transparency and information exchange regarding crypto assets by 2027. This commitment marks a significant stride in international efforts to address tax evasion in the rapidly evolving… Read More

September 23, 2023 @ 10:42 am By Omar Faridi  |  

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

September 14, 2023 @ 9:28 am By Tony Zerucha  |  

One of the reasons there has been little innovation in tax tech is because of complex integration challenges. Still, april is using artificial intelligence to bring innovation to a sector badly needing change. Founded by former Google data science head Daniel Marcous and Ben Borodach,… Read More

August 25, 2023 @ 12:06 pm By JD Alois  |  

The US Department of Treasury and the Internal Revenue Service (IRS) have announced proposed rules for the handling of digital assets and the sale and exchange of crypto. In a public statement, the two federal entities said the move was an effort to “crackdown on… Read More

July 20, 2023 @ 5:37 pm By JD Alois  |  

Puerto Rico is unique in the fact it is part of the United States yet residence do not pay any federal taxes. It is part of the concept of taxation without representation and Puerto Rico does not have any voting members in Congress. This fact,… Read More

April 12, 2023 @ 11:44 am By JD Alois  |  

It is that time of year again taxes are due in the US. The only groups that like tax season are the ones that benefit – state, local, and federal government – and tax preparers that earn their keep by navigating the byzantine process of… Read More

April 11, 2023 @ 11:56 am By JD Alois  |  

april has announced a tax filing product in partnership with multiple Fintechs. april (April Tax Solutions) claims to be the first artificial intelligence (AI) powered tax system available. The company states that its tax filing product is now available with Acorns, B9, Moves, Mercury Financial… Read More